CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

**February 25** Hong Kong Financial Secretary Paul Chan Mo-po announced in the 2026 Budget that the government will table a digital asset regulation draft bill this year to establish a licensing system for service providers offering digital asset trading and custody services. Currently, Hong Kong has a licensing regime in place for fiat-backed stablecoin issuers, with the first batch of licenses slated for issuance in March. The government and financial regulators will continue to encourage licensed issuers to explore additional use cases in compliance-focused, risk-controlled environments. Chan also noted that the Hong Kong Securities and Futures Commission (SFC) will further boost liquidity in Hong Kong’s digital asset market while safeguarding investor protection, offer more products and services to professional investors, and launch an accelerator to speed up market innovation. *Source: Jinse*

As per Ashes Monitor, YZi Labs transferred 37.33 million EDU (valued at $4.37 million) to Binance just 10 minutes ago on February 25th. This marks another liquidation move by YZi Labs, following the disposal of ID two weeks ago and AI and WOO yesterday.

February 25: Garrett Jin, agent behind the "BTC OG Insider Whale" X account, posted on the platform: "This will be a long winter for everyone—not just in crypto." Notably, it’s his first public comment since Jan. 30. On Feb. 1, the "BTC OG Insider Whale" account’s long positions were wiped out, with roughly $270M in losses over two weeks.

On February 25th, GMGN monitoring data shows Solana ecosystem meme coin Punch hit a $40 million market cap this morning before seeing a slight pullback. It’s currently valued at $37 million with a price of $0.037, up 51% in the past 24 hours—while trading volume over the same period has topped $19.4 million. BlockBeats advises users that meme coin trading is highly volatile, heavily dependent on market sentiment and hype, lacks tangible value or real-world use cases, and investors should be cautious of associated risks.

On February 25th, Cathie Wood—known widely as "WoodSis"—posted that a **thought piece on artificial intelligence (AI)** from Citrini sent ripples through financial markets yesterday. Ark Invest projects AI will spark explosive entrepreneurial activity, a sharp jump in productivity, faster real GDP growth, and inflation that lands far lower than expected. If individuals can leverage powerful AI tools to solve problems and build new markets, short-term turmoil and setbacks will ultimately give way to massive opportunities. Earlier, research firm Citrini Research released a report introducing the "global intelligence crisis" concept, warning AI could trigger a **race to the bottom** for knowledge-based jobs—disrupting industries and credit chains tied to white-collar productivity. That report sent U.S. software stocks tumbling sharply on Monday. ### Notes on American English adjustments: 1. **Conversational flow**: Used em dashes for natural asides ("known widely as...") instead o

February 25th — Per LookOnChain monitoring, Strategy transferred 1,300 BTC (valued at $83 million) to a new wallet following a 2-month dormancy, with the move likely just a fund reorganization.